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News

November 20th, 2017
A year after the Panama Papers leak comes the Paradise Papers!

ROAD TOWN, Tortola, VI- Little more than a year after the 'Panama Papers' leak sent ripples in the offshore financial sector and placed the Virgin Islands industry under renewed scrutiny, now comes the 'Paradise Papers.'

November 15th, 2017
New UK Police & Crime Bill could affect VI Offshore Financial Sector

ROAD TOWN, Tortola, VI- While the Virgin Islands might be preoccupied with the rebuilding efforts after two powerful Category 5 hurricanes, Irma and Maria, destroyed the Territory, a new Bill seems to have slipped the eye of local government.

October 31st, 2017
Lorna G. Smith’s Financial Services industry layoff proposal raises eyebrows

ROAD TOWN, Tortola, VI- Within the last twenty four hours many in the Financial Services Industry have forwarded to our newsroom an Email, dated October 30, 2017 from Mrs Lorna G. Smith OBE, the interim Executive Director of BVI Finance.

September 28th, 2017
VI Reps meet UK private sector group as territory restores critical services

ROAD TOWN, Tortola, VI- Representatives of the Government of the [British] Virgin Islands, BVI Financial Services Commission and BVI Finance met with a group of senior financial and professional services practitioners in London to update on the VI’s progress towards resuming normal service.

August 28th, 2017
2 Prime Ministers ousted over offshore accounts in BVI

ROAD TOWN, Tortola, BVI- The British Virgin Islands (BVI), through the BVI Finance Centre, released a report earlier this year which claimed that the BVI supports some 2 million jobs globally through its legitimate offshore regime.

July 20th, 2017
Lorna G. Smith Out! Elise Donovan In! as new BVI Finance Boss

ROAD TOWN, Tortola, VI- It has taken almost over a year and months to find a new Director for BVI Finance, a statutory body funded by both the Government and the private sector.

June 29th, 2017
‘Disingenuous!’- VI Ambassador to UK/EU slams negative press on Fin Sector

LONDON, United Kingdom- The fallout on a report done for the Virgin Islands (VI), which speaks positively of the British Overseas Territory, continues to gain international headlines.

April 20th, 2017
Gov Mapp submits bill to attract financial services to USVI

VI CONSORTIUM

FREDERIKSTED, St Croix, USVI— During a press conference held at Government House on St Croix, US Virgin Islands (USVI) on Wednesday morning, April 19, 2017 USVI Governor Kenneth E. Mapp announced that he has officially submitted for legislative approval The Virgin Islands Financial Services Improvement and Corporate Modernization Act of 2017 (FISA).

April 7th, 2017
National Rugby team reaches quarter-finals in 2017 Kowloon Tens in Hong Kong

ROAD TOWN, Tortola, VI- The BVI Rugby Football Union (BVIRFU) team competed in Hong Kong’s 2017 Kowloon Tens tournament, advancing to the Cup quarter finals, before being knocked out in an extremely close game to Russian team Berdsk from Krasnoyarsk.

January 26th, 2017
President Trump’s nominee for Treasury Sec under fire over ‘tax haven’

ROAD TOWN, Tortola, VI- While the Virgin Islands is hoping that President Donald J. Trump’s (R) Administration is more friendly to the off shore financial sector, his nominee for the post of Treasury Secretary Mr Steven T. Mnuchin, the post equivalent to our Financial Secretary, came under fire during his confirmation hearing a few days ago on the issue of so called tax havens.

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